US Secretary of Defense Hegseth reports $37.5 billion cost for Iran operations

The US and Iran are engaged in a sustained kinetic exchange, with confirmed US strikes on Iranian targets and Iranian threats of retaliation against national infrastructure. Claims of twelve consecutive nights of reciprocal strikes, targeting of civilian infrastructure, and Iranian interdiction of tankers in the Strait of Hormuz indicate significant escalation, though specific tactical objectives and damage assessments remain largely unverified.